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Security Profile
- Security Type
- Master Limited Partnership
- CUSIP
- 90290N109
- Market Cap
- Large Cap
- IPO
- 1/15/2013 · $18.00/unit
- Previous Name
- USA Compression Holdings, LP
Business: USA Compression Partners, LP is a growth oriented Delaware limited partnership and, based on management’s significant experience in the industry, they believe they are one of the largest independent providers of compression services in the U.S. in terms of total compression unit horsepower. They employ a customer focused business philosophy in partnering with their diverse customer base, which is comprised of producers, processors, gatherers and transporters of natural gas.
Notes: January 15, 2013 -- USA Compression Partners, LP announced today the pricing of its initial public offering of 11,000,000 common units at $18.00 per unit. The common units are expected to begin trading on the New York Stock Exchange on January 15, 2013 under the ticker symbol USAC. The underwriters have been granted a 30-day option to purchase from USA Compression up to an additional 1,650,000 common units, at the initial public offering price. The offering is expected to close on or about January 18, 2013, subject to customary closing conditions. USA Compression intends to use the net proceeds from the offering, including the net proceeds from any exercise of the underwriters’ option to purchase additional common units, to repay indebtedness under USA Compression’s revolving credit facility. Barclays Capital Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering, with Raymond James & Associates, Inc., RBC Capital Markets, LLC, UBS Securities LLC and Evercore Group L.L.C. acting as co-managers.
Company Contact
- CEO
- Micah Green
- CFO
- Michael C. Pearl
- Headquarters
- 111 Congress Avenue, Suite 2400, Austin, TX 78701
- Phone
- 512-473-2662
- Investor Relations
- Matthew Liuzzi · 512-369-1624 · ir@usacompression.com